Wells Fargo analyst John Baumgartner started Danone with an Outperform rating and EUR 80 price target. The company is positioned for long-term growth given its alignment with on-trend food and beverage categories, the analyst contends.

Credit Suisse analyst Alan Erskine upgraded Danone to Neutral and raised his price target for the shares to EUR 67 from EUR 61. The analyst believes the upside/downside risk to his earnings estimates is now more equally weighted.

02/06/18

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02/06/18UPGRADEGSCONeutral

Danone upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Mitch Collett upgraded Danone to Neutral from Sell as he believes acceleration in Waters and Specialized Nutrition is driving an improvement in organic growth. He continues to expect Danone to achieve organic sales growth below the European Staples group, but he thinks the stock's 15% discount compared to the group adequately reflects that growth gap. Collett has a EUR70 price target on Danone shares.